Everett Rosenfeld — Icahn: Republicans don’t understand economics and it’s killing the country

The Republican Party that I used to be more sympathetic with — I'm right in the middle now, although as you know I'm for Trump — but what I would say is Congress is in this massive gridlock," he said, explaining that the Republican-controlled body is "obsessed with this deficit to a point that I think it's almost pathological."

The result of this gridlock and a lack of fiscal stimulus has been that the Federal Reserve has been forced to keep interest rates low, and that has created "tremendous bubbles" and "the wealth gap."

Additionally, worrying about a deficit when there is no significant inflation and the dollar remains the global reserve currency is not a smart way to govern, Icahn said, adding that "a country is not a company."…

CNBC
Icahn: Republicans don’t understand economics and it’s killing the country

Everett Rosenfeld

Lee Drutman — Donald Trump has picked a Treasury secretary. More candidates should tell us whom they'd nominate.

So now we know who we'd probably be getting as Treasury secretary if we elect Donald Trump as president: Trump's billionaire buddy Carl Icahn, another one of the world's richest men, with a reputation for ruthless business dealing.

Vox
Donald Trump has picked a Treasury secretary. More candidates should tell us whom they'd nominate.
Lee Drutman

Interesting comments from Carl Icahn. Quite egalitarian coming from a major Wall Street speculator.

Icahn gets a lot of stuff wrong (out of paradigm), but even so, the thing's he's saying are pretty egalitarian coming from such a big, Wall Street player. This guy is not only in the 1% (more like, .0001%), but he's the quintessential finance capitalist.

Charter schools...another neoliberal scam

Charter schools are another neoliberal scam. These "pseudo-public," for-profit schools show far worse performance than public schools when evaluated on an "apples-to-apples" basis. (Hint: charter schools can select students whereas public schools must accept all kids in that zone.)

It's the same, neoliberal profit scam that businesses use, that is, pay workers (teachers) less, make them do more, funnel more of the income to the top, fraudulently gin up the performance statistics (like the widely used accounting control frauds used by banks and Wall Street) and strip money and resources (equipment, physical space) from public schools (privatizations).

No wonder Wall Streeters here in Manhattan love to send their kids to these schools. It's a private school on the public dime. Carl Icahn and other big hedge fund guys back NY Governor Andrew Cuomo with big $$$ to keep expanding these schools and sucking the NYC public school system dry.

What a fucking scam.

New York's charter school defenders downplay teacher inexperience amid strong performance. http://t.co/H8S0YYVcm8 pic.twitter.com/DMMPAZBrNm
— New York Daily News (@NYDailyNews) March 18, 2015

Whiny hedge fund idiot, Bill Ackman, buys the government's help to bail him out of his Herbalife short

Bill Ackman, the whining, crybaby hedge fund manager who has been disastrously selling short shares of Herbalife for two years, bleeding money in the process, has finally found someone to help his losing cause: the U.S. government.

That's right, he basically paid off the government to launch an inquiry into whether or not Herbalife is a pyramid scheme. The Federal Trade Commission has just launched an investigation on the behest of a group funded by Ackman.

We have all kinds of problems here in the U.S. folks: unemployment, income inequality, homelessness, maimed veterans, an education system that sucks, rotting infrastructure, monopolistic companies, plus much more. But no...the government feels it's more important to  get involved to protect the short position of one fucking idiot hedge fund manager.

The U.S. has become so corrupt it's almost impossible to describe at this point. Corrupt and rogue. A sham government and a nation that is rewriting the book when it comes to hypocrisy. (Sec of State Kerry: "You can't just invade a country on false pretense." LOL!!!!)

Remember that brilliant TV exchange between Carl Icahn and Ackman on CNBC a couple of years ago? It was all about Herbalife back then as well. I love the part where Icahn said that he used to beat up whiny little kids like Ackman in the schoolyard when he was growing up in Queens. I don't know about you, but I would pay handsomely to see him do it again. 

The existence of all these hedge funds is a symptom of a sick nation, a sick society and totally corrupt government. It is a glaring sign that we have our priorities soooo out of whack that it is not even funny. 

Guys like Ackman are parasites of the worst kind. This guy can't trade to save his life. He's a fucking sorry investor if you ask me. He also got his ass burned on JC Penney and I think he bought gold on the whole, "Fed is printing money," false inflation meme, just like all the other idiots. In short, what the fuck is he doing managing any money in the first place? And who invested with this guy? Whoever it was I'd like to see them go up in smoke, too.

Sorry for the editorializing here, but I guess you can tell I'm mad as hell.